NRI Housing Loan

SRG has immense faith in the Indian economy and its people. The prospect of housing finance market that could possibly generate in India is tantamount and that is the only reason we are very keen in increasing our domestic presence unlike of many other housing finance companies looking outside for their survival. In fact we firmly believe in encouraging the Non Residential Indian (NRI) and Person of Indian Origin (PIO) whether settled in UK, Europe, America, Australia or the Middle East to owe a house in India. SRG NRI Home loan, a feature product from the best emerging housing finance company in India, reflects the same ideology and is a technically designed product to help NRI/ PIO’s to cherish their dream of owning a house in India. So far in the industry availing a home loan by sitting abroad without dealing with the lengthy navigation process is still a big challenge We have attempted to convert this challenge in opportunity by introducing this product with customized adaptability as per to the suitable needs of the NRI/PIO’s. Purpose

NRI/PIO’s Home Loans can be availed for the following purposes:

To purchase a new home

To purchase a ready built house on resale

To construct your own house

To extend your house

To renovate your house

To purchase a plot of land in your preferred city or town

To purchase a plot of land in your preferred city or town and construct your house on it.

Key features and benefits with SRG

Our product offers you customized housing construction loan solution as per to your requirements, affordable interest rate with flexibility and ease in repayments options of you EMI’s. We assure you of quick processing of your home loan thus valuing your time and money. One invests all his hard earned money in to his house/flat and this has to be a very wise decision with accurate financial planning. Our executives with their financial acumen helps you in every step of housing finance process like selecting the right loan mix to the calculation of suitable loan EMI and tenure. We provide excellent post disbursement services. Business has no base if the value statements of the company are compromised. At SRG we follow highest standards of ethics, integrity and most importantly transparency in our workings.

Home Loan Amount

Minimum loan amount- Rs. 50,000

Maximum loan amount- 15% of NOF

Loan tenure and term

Tenure of your home loan ranges between 1 to 10 years.

Interest Rates

Interest rate applicable is based on the SRG interest rate policy, based on the money market conditions.

Processing fees and other charges

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Easy repayments

ECS

PDCs( drawn on salary/saving bank a/c)

Online payments (net banking, mobile wallets, debit cards, credit cards etc.)

Co Applicant

Loan can be applied individual, it can be further enhanced by including an earning co applicant.

Document Required

Click here to check the list of document required.

Legal and Technical Scrutiny

Studying title deed, link documents and Encumbrance certificate (EC)

Scrutinizing EC to ensure all title/link documents pertaining to the property are obtained

Verifying documents to check that chain of seller(s) and buyer(s) is properly maintained

Scrutinizing title/link documents to ensure that buyer has absolute and marketable title

Ensuring that plot does not fall in areas adversely notified by Government and also that the property is not situated in lands notified as Government lands

If the property is situated in recently developed, areas appropriate lay out approvals by necessary authorities are provided

Whether actual construction is done according to the approved plan etc.

Loan Security

Security for the loan is a first charge by way of an equitable mortgage of property to be financed /or such other collateral deem fit by SRG.

Loan Disbursement

Check here for the loan disbursement process